Entrepreneur Dave Mayer pitched his water bottle creation during
If you’re short on time, here’s a quick overview of what happened to Clean Bottle after
Dave Mayer appeared on
|Mark Cuban||Accepted deal for $60,000 for 8% equity|
|Kevin O’Leary||$100,000 for 0% equity, plus a $0.50 per bottle sold royalty|
|Robert Herjavec||No offer|
|Barbara Corcoran||No offer|
|Daymond John||No offer|
Shark Tank Clean Bottle Update
- Entrepreneur: Dave Mayer
- Business: Easy to clean water bottle
- Ask: $60,000 for 5% equity
- Result: $60,000 for 8%
- Shark: Mark Cuban
Founder of Clean Bottle, Dave Mayer, entered the tank full of confidence, and ready to introduce the sharks to his product.
His water bottle comes apart in sections for easy cleaning, unlike standard reusable water bottles that are hard to clean.
Easy-Clean Nozzle: Our Sport 23 cycling insulated bottle features a easy-clean nozzle that can be disassembled in seconds, ensuring thorough cleaning and preventing any build-up from sports drinks.
However, the Clean Bottle actually unscrews from the bottom, as well as the top. This means you can access every inch of the bottle for cleaning.
It also means that the bottle can air dry properly, which cuts down on mold and fungus. Additionally, the nozzle is also removable.
Dave launched the product a year before appearing on
He went to the largest bike race in the world, the Tour de France, and ran alongside the bicyclists dressed in a Clean Bottle costume.
Robert Herjavec is impressed with his strategy, but Kevin O’Leary wants to talk business. He wants to know about sales.
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Dave shares that he’s actually already sold $750,000 in product, which breaks down to about 150,000 units.
Mark Cuban and Robert want to know if any profit has been made from the $750,000. Dave says that in the last 12 months, the company has made $118,000.
Mark queried why he wouldn’t invest that, and then keep the 5% equity, but Dave explained that he needs strategic investors. Robert expresses his cynicism.
Daymond John is specifically impressed with Dave’s shark-like approach to business. He puts an offer on the table of $60,000 for 25% equity.
Further, Daymond says he is valuing his time with the equity stake offer, but Dave ultimately thinks it is too high an ask.
Kevin O’Leary offers $100,000 for 0% equity stake, and $0.50 per bottle sold. While, Dave says he respects the offer, he does not think Kevin would really advise anyone to accept that.
After some debate among the sharks, Mark eventually takes the chance to offer $60,000 for 8% equity, alleging that he believed in the vision.
Then, Robert goes ahead and offers what Dave asked for: $60,000 for 5% equity.
This causes Daymond to retracted his offer. He ultimately goes out. In the end, Barbara also goes out because the business does not fit her needs.
Then, Dave counters Mark’s offer with $60,000 for 6% equity, which leaves Robert feeling ignored. Robert ultimately goes out.
Unfortunately for Dave, Mark won’t budge, but Dave eventually counters him again with $60,000 for 7% equity.
Although, Mark sticks to his guns, by saying his contribution was valuable. In the end, Dave eventually accepts Mark’s offer of $60,000 for 8% equity.
What do you think happened following the show? Keep reading our Clean Bottle update to find out the rest.
Our Clean Bottle update reveals that the company enjoyed great success after its appearance on the show, making it a good investment for Mark’s portfolio.
In 2018, the company was acquired for an undisclosed amount, and it it has continued to evolve since. It looks like they’ve even rebranded to The Clean Hydration Company.
They no longer offer just water bottles, but rather, a large variety of various drinking vessels for your different needs.
Check out what the company offers on the Clean Bottle website.
Would you like to know more about the other companies featured on Season 3 Episode 1? Follow the links below for more information.
For even more on companies and products, be sure to stop by our Season 3 Products Page.
Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!